In February, the MLS reported 65 new residential listings in Jackson Hole, 25* that posted as Pending and only 2 whole ownership properties that Closed. *Please note that of the 25 Pending sales; only 2 were new; a single family home in Melody Ranch and a single family home in Lake Creek Ranch. The other […]
There are many of them occurring around the country and even in Jackson Hole lately. Short Sales are when an owner/seller owes more to their creditor(s) than the property is worth on the open market. Another way to phrase it; it’s when the net proceeds from a sale do not cover the amount of funds the owner/seller owes […]
Did you know Teton County residents live in one of the most tax-friendly states in the U.S.? Wyoming residents do not pay state income taxes, and the state Legislature has created a 1,000-year trust that helps residents protect assets. Wyoming residents enjoy low taxes because of mineral, oil and gas companies extracting coal and natural […]
I was just reading an article on Nantucket foreclosures and thinking just how similar that market is to Jackson Hole and Teton County. Jackson Hole is truly an island, surrounded by national forest, wilderness and a 25,000-acre National Elk Refuge. Nantucket’s Land Bank (pdf) owns about 50% of the island, but Jackson Hole is about […]
Comedic Moment~ The follow are real MLS entries from around our fine country – Enjoy! Big tard out back Hug garage Souring ceilings Zoned for 2 swellings Newly stained bedroom Seller admits to old & bad plumbing Seller got new wiring he thinks House vacant, call for eazy abcess Must be linder approved Fortunately these […]
The numbers speak for themselves: Jackson Hole has 12% less listings on the market than it did this time last year. According to MLS data, approximately 5.5% of the active listings are distressed (short or bank-owned). Of the quantity in sales for Jackson Hole in 2010 (YTD), only an approximate 13% have been classified as […]
Teton County Assessed Values & Real Property Taxes: According to a recent article in the JH Daily, the assessed value of our real estate should decline by an approximate 11% from 2009. I know many whose ‘estimated property taxes’ changed very little. Therefore, it’s wise to please pay attention to your 2010 assessment notice that […]
Tomorrow, April 30th, is the last day for first-time home buyers to take advantage of the extended Federal Tax Credit. First-time buyers must have a property under contract (in escrow) by tomorrow and be scheduled to close by the end of June to qualify. It can be done!
Looking for REO or Bank-Owned Property investment opportunities? There’s a bank-owned property coming on the market very soon in the Snow King Estates community within the Town of Jackson. It’s going to be offered at a 41% discount of the last sale price (April, 2010) in this neighborhood. This will be a great opportunity if […]
Spring breakers are still out of town and it’s quiet’n JH this week. Late season snow storms have provided some of the best skiing of the year in the last ten days. Grand Targhee extended their season to 4/18/10 and the Jackson Hole Mountain Resort is now closed until the 2010-2011 season. New real estate […]